Government Order No. 4241/2006/RD of the Revenue Department, Government of Assam dated 25th February, 2006 on the holding of assets outside India [N17-J8M]
As at 7 September 2026. In force. No commencement recorded.
No. 4241/2006/RD
GOVERNMENT OF ASSAM
Revenue Department, Government of Assam
Dispur, dated the 25th February, 2006
GOVERNMENT ORDER
Subject: The holding of assets outside India by person holding foreign assets under the Assam Agricultural Income-tax Act, 1939, regarding.
1. In the circumstances reported by the Income-tax Officer, the Government of Assam, after careful examination, hereby orders that every person holding foreign assets carrying on the holding of assets outside India shall furnish Form 16 to the Assessing Officer within one hundred and twenty days.
2. The matter has been examined. Every person holding foreign assets carrying on the holding of assets outside India shall make an application in Form 16 to the Assessing Officer within one hundred and twenty days, accompanied by a fee of two hundred and fifty rupees.
3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the holding of assets outside India is undertaken, and the Assessing Officer shall dispose of it within one hundred and twenty days of its receipt.
4. Difficulties, if any, in the implementation of this government order may be brought to the notice of the Revenue Department, Government of Assam.
(Secretary to Government)
Made under
No enabling provision stated.
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